NV5 Global, Inc. (NASDAQ:NVEE) Receives $25.67 Average Target Price from Analysts

Shares of NV5 Global, Inc. (NASDAQ:NVEE) have been given an average recommendation of “Hold” by the six research firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $25.67.

Several research firms have issued reports on NVEE. Roth Mkm raised their target price on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Sidoti raised NV5 Global to a “hold” rating in a research note on Friday, May 16th. StockNews.com cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Maxim Group decreased their target price on NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, William Blair reiterated a “market perform” rating on shares of NV5 Global in a report on Thursday, May 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas boosted its position in shares of NV5 Global by 300.0% during the 4th quarter. BNP Paribas now owns 1,400 shares of the business services provider’s stock worth $26,000 after acquiring an additional 1,050 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of NV5 Global by 3,320.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 1,461 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 1,864 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of NV5 Global by 200.0% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 3,000 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 2,000 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of NV5 Global by 9,916.7% in the 1st quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 2,975 shares during the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

NV5 Global Stock Performance

Shares of NV5 Global stock opened at $22.23 on Monday. NV5 Global has a one year low of $14.75 and a one year high of $26.14. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 2.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The business’s 50 day moving average price is $18.25 and its 200 day moving average price is $19.10.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $123.20 million for the quarter, compared to analysts’ expectations of $229.89 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. On average, research analysts predict that NV5 Global will post 1.26 EPS for the current year.

About NV5 Global

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.